When seeking to acquire a patent for an invention, the inventor can seek to use a limited liability company (LLC) to acquire the patent with greater ease than doing so as an individual. There are many opportunities that an LLC can provide to the inventor which may not exist for a single inventor working alone.
How do I find existing patents?
Start at Next, under the heading Related USPTO Services, click on Tools to Help Searching by Patent Classification. You can now start searching. Patent searches may also be done at and at a number of other free sites.
What happens if you own a patent?
Any joint owner of a patented invention can make, sell, or use the invention without the other owners’ consent and without compensating them. For example, you can enter into a non exclusive license with someone to manufacture and sell the patented invention and keep all the revenue.
Are filed patents public?
General Rule: U.S. Patent Applications Are Published After 18-Months. Hence, after a U.S. patent application is filed, it is published by the U.S. Patent Office for the public to view even if it hasn’t been granted as a patent yet. Published patent applications can also be searched on the U.S. Patent Office website.
What happens to patent when LLC dissolves?
When a business dissolves, the assets of the company are going to be distributed. If your company already had the patent prior to the company being dissolved, then the patent goes back to the original creator. If you created the patent and registered it and the company was yours, then you will still own it.
What happens to trademark when company closes?
Trademark is an intangible asset to a company, like any kind of asset, it is transferable. So, when a company shuts down, the company could transfer all the trademarks in its name to another company.
Does the inventor own the patent?
A patent application and any resulting patent is owned by the inventor(s) of the claimed invention, unless a written assignment is made or the inventors are under an obligation to assign the invention, such as an employment contract.
